Sail Mining Group (JSE:SGP) Total Current Assets: R292 Mil (As of Aug. 2021)


What is Sail Mining Group Total Current Assets?

Sail Mining Group JSE:SGP Total Current Assets is R292 Mil as of Aug. 2021.

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. Sail Mining Group's total current assets for the quarter that ended in Aug. 2021 was R292 Mil.

Sail Mining Group  (JSE:SGP) Total Current Assets Explanation

In Ben Graham's calculation of liquidation value, inventory is only considered worth half of its book value, and accounts receivable is considered worth 75% of its value. Therefore the liquidation value is lower than calculated from total current assets.

Sail Mining Group's Liquidation Value for the quarter that ended in Aug. 2021 is

Liquidation value
= Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=4.035-1347.283+0.75 * 80.986+0.5 * 131.413
=-1,217

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Sail Mining Group Total Current Assets Related Terms

Sail Mining Group Total Current Assets Historical Data

* Premium members only.

The historical data trend for Sail Mining Group's Total Current Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Sail Mining Group Total Current Assets Chart

Sail Mining Group Annual Data
Trend Feb12 Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21
Total Current Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.62 355.72 418.32 593.66 453.81

Sail Mining Group Semi-Annual Data
Feb12 Aug12 Feb13 Aug13 Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21
Total Current Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 584.30 593.66 622.15 453.81 292.22

Sail Mining Group Total Current Assets Calculation

Total Current Assets are the asset that can be converted to cash or used to pay current liabilities within 12 months.

Sail Mining Group's Total Current Assets for the fiscal year that ended in Feb. 2021 is calculated as

Total Current Assets=Cash, Cash Equivalents, Marketable Securities+Total Receivables+Total Inventories+Other Current Assets
=0.145+86.914+202.235+164.514
=454

Sail Mining Group's Total Current Assets for the quarter that ended in Aug. 2021 is calculated as

Total Current Assets=Cash, Cash Equivalents, Marketable Securities+Total Receivables+Total Inventories+Other Current Assets
=4.035+80.986+131.413+75.788
=292

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Total Current Assets is linked to the Current Ratio, which is the result of dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations.

Total Current Assets is also linked to Working Capital, Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Frequently Asked Questions Learn more about Total Current Assets →
What does a Total Current Assets of R292 Mil mean?
Sail Mining Group (JSE:SGP) has a Total Current Assets of R292 Mil as of Aug. 2021. The total amount of assets with liquidity less than one year as recorded on a company's balance sheet. View historical data for Sail Mining Group and its competitors.
Is Sail Mining Group's Total Current Assets too high?
Sail Mining Group's current Total Current Assets is R292 Mil.
How does Sail Mining Group's Total Current Assets compare to BHPBF?
Sail Mining Group's Total Current Assets of R292 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Current Assets for a Metals & Mining company?
A good Total Current Assets depends on the Metals & Mining industry context. However, Total Current Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Current Assets mean?
A high Total Current Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets with liquidity less than one year as recorded on a company's balance sheet. View historical data for Sail Mining Group and its competitors. Sail Mining Group's current Total Current Assets is R292 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sail Mining Group stock overvalued right now?
Sail Mining Group (JSE:SGP) has a current Total Current Assets of R292 Mil. The current Total Current Assets is R292 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Current Assets calculated?
Total Current Assets is calculated from a company's financial statements. For Sail Mining Group (JSE:SGP), the current Total Current Assets is R292 Mil as of Aug. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Sail Mining Group Business Description

Address 4 Peltier Drive, Unit 25 Sunninghill Office Park, Johannesburg, GT, ZAF, 2054
Sail Mining Group Ltd Formerly Chrometco Ltd is a mineral exploration company. It has chrome and mining operations in the North-West Province of South Africa. In addition, Chrometco focuses on the investigation of other chrome and base metal properties for exploration purposes and on researching and investigating business development opportunities. The group holds interest in mining, concentrating and beneficiating various metals and their ores, in particular chrome, platinum, copper, cobalt, nickel and manganese.